VPL vs. VPKIX
VPL (Vanguard FTSE Pacific ETF) and VPKIX (Vanguard Pacific Stock Index Fund Institutional Shares) are both Asia Pacific Equities funds from Vanguard. Over the past 10 years, VPL returned 9.72%/yr vs 10.14%/yr for VPKIX. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.08% expense ratio.
Performance
VPL vs. VPKIX - Performance Comparison
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Returns By Period
In the year-to-date period, VPL achieves a 21.68% return, which is significantly lower than VPKIX's 25.60% return. Both investments have delivered pretty close results over the past 10 years, with VPL having a 9.72% annualized return and VPKIX not far ahead at 10.14%.
VPL
- 1D
- -3.32%
- 1M
- -4.08%
- 6M
- 15.16%
- YTD
- 21.68%
- 1Y
- 40.48%
- 3Y*
- 19.23%
- 5Y*
- 9.14%
- 10Y*
- 9.72%
VPKIX
- 1D
- 0.61%
- 1M
- -0.65%
- 6M
- 19.34%
- YTD
- 25.60%
- 1Y
- 45.05%
- 3Y*
- 21.53%
- 5Y*
- 10.00%
- 10Y*
- 10.14%
VPL vs. VPKIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VPL Vanguard FTSE Pacific ETF | 21.68% | 32.66% | 1.68% | 15.58% | -15.20% | 1.10% | 16.65% | 18.16% | -14.40% | 28.85% |
VPKIX Vanguard Pacific Stock Index Fund Institutional Shares | 25.60% | 33.12% | 1.29% | 15.58% | -15.20% | 1.47% | 16.54% | 17.61% | -13.87% | 28.55% |
Correlation
The correlation between VPL and VPKIX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005 | 0.96 |
The correlation between VPL and VPKIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
VPL vs. VPKIX — Risk / Return Rank
VPL
VPKIX
VPL vs. VPKIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Pacific ETF (VPL) and Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VPL | VPKIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 3.31 | -0.26 |
| Martin ratioReturn relative to average drawdown | 10.84 | 11.72 | -0.87 |
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Drawdowns
VPL vs. VPKIX - Drawdown Comparison
The maximum VPL drawdown since its inception was -55.49%, roughly equal to the maximum VPKIX drawdown of -55.26%. Use the drawdown chart below to compare losses from any high point for VPL and VPKIX.
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Drawdown Indicators
| VPL | VPKIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.49% | -55.26% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -13.40% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -16.38% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -31.09% | -31.12% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -33.90% | -33.62% | -0.28% |
Current DrawdownCurrent decline from peak | -8.89% | -5.36% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -15.39% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 3.78% | -0.04% |
Volatility
VPL vs. VPKIX - Volatility Comparison
Vanguard FTSE Pacific ETF (VPL) and Vanguard Pacific Stock Index Fund Institutional Shares (VPKIX) have volatilities of 10.84% and 11.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPL | VPKIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.84% | 11.16% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 20.79% | 19.50% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.93% | 21.94% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 17.30% | +0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.60% | 16.59% | +1.01% |
VPL vs. VPKIX - Expense Ratio Comparison
Both VPL and VPKIX have an expense ratio of 0.08%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VPL vs. VPKIX - Dividend Comparison
VPL's dividend yield for the trailing twelve months is around 2.75%, more than VPKIX's 2.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VPKIX Vanguard Pacific Stock Index Fund Institutional Shares | 2.66% | 4.00% | 3.15% | 3.11% | 2.74% | 3.17% | 1.81% | 2.85% | 3.05% | 2.60% | 2.67% | 2.45% |
VPL Vanguard FTSE Pacific ETF | 2.75% | 4.01% | 3.15% | 3.12% | 2.75% | 3.19% | 1.81% | 2.84% | 3.06% | 2.57% | 2.65% | 2.43% |
Frequently Asked Questions
With a correlation of 0.94, VPL and VPKIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VPKIX has higher volatility (11.16%) compared to VPL (10.84%). In terms of maximum drawdown, VPL dropped -55.49% vs VPKIX's -55.26%.
VPKIX currently has the higher Sharpe Ratio (2.02 vs 1.78), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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